Why is Oliver D. Kingsley, Jr. leaving the Board of Directors?

Oliver D. Kingsley, Jr. has informed the Board of Directors that he will not stand for re-election at the 2013 Annual Meeting of Shareholders and will retire from the Board upon the expiration of his current term.

Who is John L. Skolds and what is his background?

John L. Skolds is a new director appointed to NextEra Energy's Board. He is a retired executive from Exelon Corporation, where he held senior leadership positions including Executive Vice President, President of Exelon Energy Delivery, and President of Exelon Generation, with significant experience in nuclear operations.

What is the compensation for the new director, John L. Skolds?

Mr. Skolds will receive compensation for his director services in line with other non-employee directors. This includes a grant of 400 shares of company common stock under the 2007 Non-Employee Directors Stock Plan, subject to forfeiture if he leaves the board within five years, other than due to death, disability, or mandatory retirement age.

Why was the Board size increased?

The Board size was increased from thirteen to fourteen members to accommodate the appointment of John L. Skolds, filling a newly created directorship.

NEXTERA ENERGY INC 8-K: Leadership Changes

Summary

NextEra Energy, Inc. (NEE) filed an 8-K on July 27, 2012, reporting significant changes within its Board of Directors. Notably, Director Oliver D. Kingsley, Jr. announced his intention not to seek re-election at the 2013 Annual Meeting and will retire from the Board at the end of his current term. This marks the departure of an existing director who will conclude his service in the near future. In response to this planned vacancy and to strengthen its board's expertise, NextEra Energy's Board approved an increase in its size from thirteen to fourteen members. The company has appointed John L. Skolds to fill this newly created directorship. Mr. Skolds brings extensive experience in the utility sector, having previously held executive positions at Exelon Corporation, including roles related to energy delivery and generation. His appointment is effective immediately, and he has also been appointed to the Board's Nuclear Committee, indicating a focus on this critical area of operations. Mr. Skolds will receive standard compensation for non-employee directors, including a stock grant with specific vesting and forfeiture conditions.

Key Highlights

1Director Oliver D. Kingsley, Jr. will retire from the Board of Directors at the 2013 Annual Meeting.
2The size of the Board of Directors has been increased from thirteen to fourteen members.
3John L. Skolds has been appointed as a new director to fill the newly created position.
4Mr. Skolds brings substantial experience from his executive roles at Exelon Corporation.
5Mr. Skolds has been appointed to the Board's Nuclear Committee.
6New director John L. Skolds will receive compensation consistent with other non-employee directors, including a stock grant.

NEXTERA ENERGY INC 8-K Report, Executive Changes (Jul 27, 2012)

Summary

Key Highlights

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